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Elon Musk's Tesla Pay Package
Subject : Business
A Delaware judge has ruled against Elon Musk's $56 billion Tesla pay package, siding with a shareholder who claimed the entrepreneur was overpaid. The judge found that the pay package was "unreasonable" and "excessive," and that it was not properly approved by Tesla's board of directors. The ruling is a major setback for Musk, who has been criticized for his high pay. It is also a blow to Tesla, which has been under pressure to improve its corporate governance.
compensation - pay package - Tesla - Elon Musk - shareholder lawsuit - corporate governance - excessive pay - unreasonable compensation - board of directors - conflict of interest
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